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When FINRA is investigating you, one of the first things that comes to mind is how long the process will take. FINRA investigations can take a very long time to complete, but there is no set length.
FINRA Investigations Typically Last a Year or Two
Most FINRA investigations seem to be completed in about 12 to 24 months. This does not count the time needed to litigate the case.
What Can Make a FINRA Investigation Take Longer
- A Cooperative Defendant: Cooperation can speed investigation but may give FINRA information to build a stronger case against you.
- A Combative Defendant: Refusing to cooperate can slow down the process and lead to additional sanctions for “failure to cooperate.”
- Multiple Defendants or Parties: The process takes longer when third parties must be contacted.
- A Lack of Evidence: Investigators spend more time searching for evidence to substantiate accusations.
- Lots of Evidence: All evidence must be carefully weighed and analyzed.
- Complexity of Allegations: Insider trading investigations resolve more quickly than market manipulation allegations.
Does Legal Representation Help?
FINRA is generally more receptive to extension requests from defense lawyers. Additionally, having a lawyer shows intent to cooperate, which can reduce investigation time.
What Can a FINRA Defense Lawyer Do?
- Interact with FINRA investigators on your behalf
- Help comply with information requests
- Inform you of your rights during the investigation
- Prepare a Wells Submission
- Negotiate a settlement with FINRA
Reduction in pretrial jail population since NJ bail reform implementation.
Source: NJ Judiciary Annual ReportApproval rate for properly filed expungement petitions in NJ.
Source: NJ Courts Statistical ReportCommon Mistakes to Avoid
Actually Stay Silent
Most people know they have the right to remain silent but still talk to police. Anything you say can and will be used against you. Politely decline to answer questions until your attorney is present.
Bail Conditions Are Enforceable
Violating bail conditions, even minor ones, can result in immediate re-arrest and make it much harder to obtain bail again. Follow every condition to the letter.
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*Results may vary depending on your particular facts and legal circumstances.
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"Facing an SEC investigation was terrifying. The Spodek team negotiated a resolution that preserved my career and my reputation. Their knowledge of securities law is unmatched."— David A., SEC Defense Client MORE REVIEWS
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Todd Spodek
Featured on Netflix's "Inventing Anna," Todd Spodek brings decades of high-stakes criminal defense experience to every case.
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Frequently Asked Questions
New Jersey reformed its bail system in 2017. Instead of a cash-based system, judges now use a Public Safety Assessment (PSA) to determine whether a defendant should be released pretrial. Most defendants are released with conditions, while those deemed high-risk may be detained. An experienced attorney can argue for favorable release conditions at your detention hearing.
No. You have the constitutional right to remain silent and to have an attorney present during questioning. Anything you say to police can be used against you in court. Politely invoke your rights by saying "I want to speak with my attorney before answering any questions." This cannot be held against you.
Attorney fees vary based on the complexity of the case, the charges involved, and whether the case goes to trial. At Spodek Law Group, we offer transparent pricing and flexible payment plans. We provide a free initial consultation to discuss your case and give you an honest assessment of costs. Investing in quality representation often saves far more in the long run than choosing the cheapest option.
An arraignment is your first court appearance after being charged with a crime. The judge will read the charges against you, and you'll enter a plea (usually not guilty at this stage). The judge will also set bail or release conditions. Having an attorney at your arraignment is critical, as they can advocate for favorable bail terms and begin building your defense strategy from day one.
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